ThinkEngine Networks Receives AMEX Delisting Notification
March 07 2008 - 7:30AM
Business Wire
ThinkEngine Networks, Inc. (the �Company�) (AMEX: THN) today
reported that on March 5, 2008 it received notice from the American
Stock Exchange (the �Exchange� or �AMEX�) staff indicating that the
Company no longer complies with the Exchange�s continuing listing
standards due to the Company�s history of losses and the Company�s
inability to achieve the minimum stockholders� equity requirements,
as set forth in Sections 1003(a)(ii) and 1003(a)(iii) of the AMEX
Company Guide, and that its securities are, therefore, subject to
being delisted from the Exchange. The Company has until March 12,
2008 to submit to the Exchange a request for an appeal, although it
has made no final determination as to whether it will file an
appeal. The Company is also considering alternative listings for
its common stock. About ThinkEngine Networks, Inc. ThinkEngine
Networks, Inc. is a provider of TDM and IP capable conferencing
bridges and media servers. The VSR1000 includes both TDM and IP
interfaces as standard equipment and is capable of processing 968
simultaneous sessions in a compact 1U platform. This NEBS 3
certified platform has been deployed by customers to implement
reservationless conferencing, prepaid calling, and IVR
applications. The Company's CX Series - Exchange Network Media
Servers are a cost-effective and highly scalable family of
carrier-class media server platforms. They deliver advanced network
media solutions in VoIP networks as well as in traditional AIN and
TDM circuit switched and mixed network environments. ThinkEngine is
a disruptive force in the marketplace � drastically reducing the
cost of implementation while giving customers a migration path from
TDM to VoIP. For more information about the Company, visit
http://www.thinkengine.com. Safe Harbor Statement This news release
contains forward-looking statements that involve risks,
uncertainties and assumptions. All statements contained herein
which are not historical facts are forward-looking statements. The
forward-looking statements in this release are made pursuant to the
safe harbor provisions of the Private Securities Litigation Reform
Act of 1995. Such forward-looking statements are subject to risks
and uncertainties, which could cause actual results to differ
materially from those anticipated. Such risks and uncertainties
include, but are not limited to, the continuance of reduced capital
expenditures throughout the telecommunications market, variability
of sales volume from quarter to quarter, product demand, market
acceptance, litigation, dependence on significant customers, third
party suppliers and intellectual property rights, risks in product
and technology development and other risk factors detailed in the
company's most recent Form 10-K, as amended, and other subsequent
Securities and Exchange Commission filings. ThinkEngine Networks
does not undertake any duty to update forward-looking statements.
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